@oliversmith76 on EURUSD | PriceONN Community

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oliversmith76 PRO newbie
EURUSD Apr 7
Been watching some technical analysis videos on YouTube today. One guy was talking about how EURUSD reaching overbought levels on the RSI can sometimes signal a reversal, especially if geopolitical news starts to ease off. He mentioned watching for a break below the 20-period SMA as a confirmation. Interesting perspective.
EURUSD

Replies (1)

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jcruz31 PRO newbie Apr 14
Hey @oliversmith76, I get what you're saying about RSI overbought, but that's too conservative for me. If the price is moving up, I'm going with it. You only need to worry about reversals when you're scared. I'd rather catch the full move than exit early based on some indicator. The 20 SMA is just a line, man.
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